2821 29th N Ave Birmingham, AL 35207-4633
This exceptional industrial property, located at 2821 29th Ave N in Birmingham, Alabama, offers a rare opportunity. The property comprises three single-story buildings totaling 23,520 square feet, with 13,000 square feet currently vacant. Situated on a generous 2.75-acre lot, the property boasts two drive-in doors for convenient access. The buildings underwent extensive renovations in 2022, including a new roof, siding, paint, upgraded electrical (600 Amp, 3-phase), and plumbing. New offices and restrooms were also constructed as part of the renovation. The property is zoned I-1 and features new fencing and gates around the perimeter, accessible from both 29th Ave N and 28th Ave N. Its strategic location offers easy access to Highway 31 and Interstate 65 via Finley Boulevard (only 1.3 miles away). While the owner is willing to consider separating the buildings, preference is given to a single tenant for the entire 2.75-acre site. This presents a unique opportunity for a business seeking ample space and convenient access to major transportation routes in Birmingham. The minimal office space allows for maximum warehouse utilization.
Section 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Birmingham, ALSection 3. M-2, Heavy Industrial District. Subsection 1. Generally. The regulations set forth in this Section or set forth in this Ordinance, when referred to in this Section, are the regulations of the M-2 Heavy Industrial District. Subsection 2. Use Regulations. A building or premises shall be used only for the following purposes: 1. Any use permitted in the M-1 Light Industrial District; except, that no dwelling other than that for a resident watchman, custodian or caretaker employed on the premises shall be permitted, nor may any dwelling be used for any Family Day / Night Care or Family Group Day / Night Care Facility. 2. A junkyard, or junkyard use, is permitted provided that this use is granted the appropriate license for operation by the City Council and a nontransparent fence, as described herein, is erected along the entire perimeter of the site. The wall or fence (including gates) shall be of sound construction and approved by the Director (or designee) of the Department of Planning, Engineering, and Permits. Walls shall be solidly constructed of block, brick, stone, concrete, or similar materials as approved by the Director. Fences shall be constructed of manufactured metal sheeting material, reasonably smooth and uniform wood materials, or similar materials upon approval of the Director. All materials used for wall or fence construction (including gates) shall be of sound and good condition, shall be protected against decay by the use of paint or other preservatives, and shall be uniform in height throughout. The wall or fence (including gates) may be required to be erected higher than 8 (eight) feet if the adjacent property is zoned residential or if the topography of the surrounding and nearby properties enable the junk and/or scrap materials to be readily viewed. The fence requirement may be further modified by the Director if the property’s location, or location of the use on the property, is such that the site will not be viewable by the public or structures and/or dense
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
